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  • #1,182,861
  • Sep 6, 2020 11:08pm Sep 6, 2020 11:08pm
Quoting here2there
{quote} I've lived in Southern CA for a few years. We were forced to move because we just couldn't afford it anymore.
Sorry to hear that. Is that because of trading? I remembered long time ago, you openly admitted that you lose serious amount of money in trading and invest lots of money in learning. And recently, you said you gave up on those, it didn't work well. I know I'm the trader here you hated most. Lol. But if I can help you with a brotherly advice, here it is... Traders are looking for Holy Grail, none find it yet. Tried different combination and yet still unsuccessful. People didn't realize, it is just in front of us, ready to be use anytime. But people ignore it. Aside from right understanding of the market and its behavior.... the holy grail is.... "Trailing" Stop Lost. That's the key in successful trading. I hope it helps and see you back here in my hood in a couple of years. (Yes, it's fast and quick, you will recover back all of your losses if you start listening).
Only an idiot knows with certainty to where the market is going.
  • #1,182,862
  • Sep 6, 2020 11:27pm Sep 6, 2020 11:27pm
Quoting MrBullBear
{quote} Sorry to hear that. Is that because of trading? I remembered long time ago, you openly admitted that you lose serious amount of money in trading and invest lots of money in learning. And recently, you said you gave up on those, it didn't work well. I know I'm the trader here you hated most. Lol. But if I can help you with a brotherly advice, here it is... Traders are looking for Holy Grail, none find it yet. Tried different combination and yet still unsuccessful. People didn't realize, it is just in front of us, ready to be use anytime....
Actually, I didn't lose much in Forex but I lost BIG in Bitcoin and the crypto market in general due to being scammed and also for holding too long.

Most of what I have learned about trading Forex is useless. It either doesn't work or involves more thought than what is needed. I am now trying to simplify things. I might even start only trading a couple of pairs. Trading has mostly been a frustrating experience for me. But I don't quit. I keep going.
Learn from your mistakes and march on.
  • #1,182,863
  • Sep 6, 2020 11:29pm Sep 6, 2020 11:29pm
Quoting here2there
Trading has mostly been a frustrating experience for me.
i prefer to mud wrestle with hyenas, it is much more relaxing.

  • #1,182,864
  • Sep 6, 2020 11:30pm Sep 6, 2020 11:30pm
Quoting here2there
{quote} Actually, I didn't lose much in Forex but I lost BIG in Bitcoin and the crypto market in general due to being scammed and also for holding too long. Most of what I have learned about trading Forex is useless. It either doesn't work or involves more thought than what is needed. I am now trying to simplify things. I might even start only trading a couple of pairs. Trading has mostly been a frustrating experience for me. But I don't quit. I keep going.
Look in my profile, read my favorite quote. That is how I trade. Very plain and simple.
Only an idiot knows with certainty to where the market is going.
  • #1,182,865
  • Sep 6, 2020 11:43pm Sep 6, 2020 11:43pm
Quoting tradecode
{quote} i prefer to mud wrestle with hyenas, it is much more relaxing.
hahaha
Learn from your mistakes and march on.
  • #1,182,866
  • Sep 6, 2020 11:46pm Sep 6, 2020 11:46pm
Quoting MrBullBear
{quote} Look in my profile, read my favorite quote. That is how I trade. Very plain and simple.
That is what I have been doing and that is how I have learned most of the stuff that is taught in Forex is rubbish. I even got to a point where I believed the Forex market is a scam. Lol

But then I thought to myself there are people making money trading Forex. If they can do it, then I can do it. I just have to overcome the psychological barriers that most traders deal with. Then I am certain success will come.
Learn from your mistakes and march on.
  • #1,182,867
  • Sep 6, 2020 11:56pm Sep 6, 2020 11:56pm
Quoting here2there
{quote} That is what I have been doing and that is how I have learned most of the stuff that is taught in Forex is rubbish. I even got to a point where I believed the Forex market is a scam. Lol But then I thought to myself there are people making money trading Forex. If they can do it, then I can do it. I just have to overcome the psychological barriers that most traders deal with. Then I am certain success will come.
Never trust a trader "pro" who teach and charge you fees. They make money from charging fees or selling books or services. But not in trading. Come think of it, if they are really a good trader, why don't they just push the button and get money from the market, why charge people who has less money and only wants to learn? Those who are really making money don't care of your money, they teach for free.. coz they can get money from the market any time they want. Those who charge are businessman who is successful in fooling people that they know how to trade and take your money.
Only an idiot knows with certainty to where the market is going.
  • #1,182,868
  • Sep 7, 2020 12:09am Sep 7, 2020 12:09am
Quoting here2there
{quote} That is what I have been doing and that is how I have learned most of the stuff that is taught in Forex is rubbish. I even got to a point where I believed the Forex market is a scam. Lol But then I thought to myself there are people making money trading Forex. If they can do it, then I can do it. I just have to overcome the psychological barriers that most traders deal with. Then I am certain success will come.
good job sticking with it. That has been my story over the last 10+ years. I saw the potential early on as long as I made positive pips on every trade and then closing out it out with a loss and moving onto the next best system. I’ve tried bots, paid systems and even free systems on this site. I’ve just recently become profitable by just coming up with my own simple rules and following them. There will be losses. Every market will have winners and losers, just the winners have to beat the losers long term. Patience wins the game.

I use S/R and trend lines 4hr chart for entries and looking for at least 1/2 R:R. Just right now I’m buying EURUSD on the bounce of recent support with a TP of the recent high and SL of the recent low. Good luck to you and all to try to make it in this market.
  • #1,182,869
  • Sep 7, 2020 12:21am Sep 7, 2020 12:21am
Inserted Video
  • #1,182,870
  • Sep 7, 2020 12:43am Sep 7, 2020 12:43am
Today with US close how much pip movement can be expected ?
PaRaM
  • #1,182,871
  • Sep 7, 2020 12:45am Sep 7, 2020 12:45am
We are going to be lucky if, we see it trade 43 pips today, and the US market is going to be worst.

Support at 1800-10 resistance at 1865-75 in a range.
Looking for profitable short term trades ...|
  • #1,182,872
  • Edited 5:12am Sep 7, 2020 1:01am | Edited 5:12am
1. Started a long postion of EUR see how it goes.
2. DXY drops as planned, I hold EUR long until DXY breaks red rectangle, then consider add another EUR long postion? can only wait and see.
3. Still hold position, but plan updated. Wish me a good luck.
4. bad luck another small loss LOL
Attached Image (click to enlarge)
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(DXY 5MIN)
Attached Image (click to enlarge)
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(DXY 1MIN)
Attached Image

(DXY 1MIN)
Win/Loss Ratio
  • #1,182,873
  • Sep 7, 2020 1:24am Sep 7, 2020 1:24am
i wish to start the day with a short with 1809 target, but my broker is still sleeping [not accepting trade]
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 38 KB
feel free to invite me to your forum, if you have any
  • #1,182,874
  • Sep 7, 2020 1:27am Sep 7, 2020 1:27am
Quoting JungleLionFx
i wish to start the day with a short with 1809 target, but my broker is still sleeping [not accepting trade] {image}

Which broker ?
PaRaM
  • #1,182,875
  • Sep 7, 2020 1:31am Sep 7, 2020 1:31am
Quoting pgidia
{quote} Which broker ?
i am participating in a demo contest with a chance to earn $400 as initial deposit for my first live account
feel free to invite me to your forum, if you have any
  • #1,182,876
  • Edited 1:54am Sep 7, 2020 1:38am | Edited 1:54am
Anyone that knows about risk management and Beta, think that this is right for a portoflio?

If, we take these four pairs percent todays change this hour:

-0.04%
-0.08%
-0.28%
-0.54%

Which is safer?

My take out is the one with the smaller percent change, but I want to here an opinion.
Looking for profitable short term trades ...|
  • #1,182,877
  • Sep 7, 2020 1:43am Sep 7, 2020 1:43am
daily divergence in play GU
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 35 KB
feel free to invite me to your forum, if you have any
  • #1,182,878
  • Sep 7, 2020 2:03am Sep 7, 2020 2:03am
I guess we stay in this flag formation until ECB
Attached Image (click to enlarge)
Click to Enlarge Name: eruusd.png Size: 45 KB
  • #1,182,879
  • Sep 7, 2020 2:49am Sep 7, 2020 2:49am
Quoting Js3mwtRc
Anyone that knows about risk management and Beta, think that this is right for a portoflio? If, we take these four pairs percent todays change this hour: -0.04% -0.08% -0.28% -0.54% Which is safer? My take out is the one with the smaller percent change, but I want to here an opinion.
The one with -0,04% was EU look what happened without even ading stop loss (don't even try it I used demo money).

Another one idea I had was to use the average of all four pairs, which came 0,235% and buy these below the average. AUDUSD would be a second choice, and didn't even though to trade the other two - GBP, NZD/USD.

Just experimenting, these are examples, it is still monday which means low volatilityand range trading, so it might be only luck.
Looking for profitable short term trades ...|
  • #1,182,880
  • Sep 7, 2020 3:22am Sep 7, 2020 3:22am
Sure it is better to play H4 chart.But i see divergence on daily eurusd,it means -down.maybe triple divergence,but you dont see 1.23-24 longtime.
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